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insurers competition for medicare, it is not as effective as the va which does take advantage of its buying power. for-profit insurance does lead to higher health-care costs. they have to make a profit. in addition, they engage in marketing. they also engage in medical underwriting they have to hire a lot of actuaries to make sure that they're not taking on people who are too expensive. these are all very costly things. it raises the price of private insurance. they do not have as much bargaining power so they can keep their prices low, like taking advantage of consolidated power. then why do we allow private insurers to have equality monopoly? there is no reason to think that savings would be transferred to the public. nonprofit insurance. -- what you really need is nonprofit insurance. let me just end with a few thoughts on how health care reform -- as you know, congress does very little to control health-care costs. that is probably a reasonable short-term strategy. the proposals do nothing to consolidate purchasing power. the caveat is the public auction. -- the public plan. they do wel
. spending related to medicare, medicaid and social security will not be affected. neither will national security. all other discretionary programs will. finally, i have called for a bipartisan commission that will sit down and hammer out concrete deficit reduction proposals by a certain deadline. because we have heard plenty of talk and a lot of yelling on tv about deficits. it is time to come together and make the painful tauruses we need to eliminate those deficits. this past week, 53 democrats and republicans voted for this commission in the senate. but a failed when seven republicans who had co- sponsoring the idea in the first place suddenly decided to vote against it. that is one thing to have an honest difference of opinion, i will always respect to those that take a principled stand for what they believe even if i disagree with them. but what i want except is changing positions because it is good politics. . . >> less than an hour, that's how long they interrogated a terrorist and he was given a miranda warning and lawyer and not surprisingly he stopped talking. ho did we get to
. with the passage of the medicare modernization act. exactly what they did. and that's -- as we know, that barely squeaked through. it was the famous three-hour vote. which is the other important point to make here. which is that no matter what anybody tells you what the rules are, they make up the rules as they go along. right? and so -- and particularly on the senate side. they can pretty much figure out a way, if they want to, to do what they want. so that said, what happened in 2003, there was not even support within the republican ranks to pass that legislation. there was a huge dispute over whether it was a massive new entitlement or whether it was privatization of medicare or whether that was good or bad, the whole bit. and there was some democratic support. but clearly the bulk of the caucus would not vote for it. what did they do? they kept at it. and they did -- a dark of night series of back room deals. >> and what about the budget? >> and no pay forings. and there's a lot you can do in this town if you aren't -- if you're going to pass a $400 billion plus benefit and not pay for it. i
to survive the final legislation. however, the senate bill has an increase in the medical -- medicare payroll tax. that goes down to slightly lower high income individuals, individuals earning $200,000 per year or families earning to order $50,000 per year or more. that is part of the senate bill. that is a tax that would fall on individuals. we also talked about the cadillac plan tax. that would be levied specifically on insurance companies but the effect is it would trickle down to individuals either through having the company's lower their benefits or insurers have indicated they would pass those costs on. host: some plans to optical and dental, how will those get treated? guest: those would go toward the high income threshold. all of those things would be factored into the cost of whether you hit that high income tax. host: these are things found in cadillac plans? guest: it could be. the question is, what is a cadillac plan? union members have these plans and because the plans are not indexed toward medical inflation, they are at a slightly lower rate than medical benefits. people might
in the senate bim is essentially a medicare tax that hits individuals who earn more than $200,000 a year and couples earning more than $250,000 a year. it does reflect that principal. we can see the final bill coming out from what's already in the senate version. from those decisions mbings it's the wall street journal that reported he is going to meet with labor leaders on monday. what's the significance of that. labor has been one of the most vocal proponents of the past. getting higher benefits and trading wage increases. they may end up having to be taxed on those benefits or see employers get rid of them. key to reach out labor and try to alleviate concerns. labor is making clear they are going to make a lot of noise about this. >> our guest until 9:15 if you have questions about the current working bill. the exchanges have been an interesting piece of this. the public plan, the debate over whether the debate should include a public plan, overshadowed what people see as a mechanism that could do a lot of the things the public planned to do, which is these exchanges. a brief descript
the stops to try to shove this government takeover of health care with medicare cuts and tax hikes. there is a sweetheart deal that needs to be cut, democrats can cut it. if there is a vote that needs to be bought, they will buy it. haven't we had enough of government propped up on the payoffs and pork barrel spending? haven't we had enough of the same old loss vs. them politics to distract us from these problems? we are all in this together. many positive solutions will bring us together. for families asking, where are the jobs, republicans have offered common-sense solutions to help small businesses invest in hiring new workers. we have also put forward irresponsible budget blueprint that makes the tough spending choices that others talk about -- we have also put forward a responsible budget blueprint that makes the tough spending choices that others talk about. we do this by implementing smart, common-sense reforms, whether it is letting families and businesses purchase health insurance or ending the job losses that contribute to higher health-care costs. when we get the job don
Search Results 0 to 5 of about 6